In the realm of real estate development, Ed Ticheli pioneers a transformative approach to preserving historic landmarks, focusing on their conversion into affordable apartments. With a deep appreciation for architectural heritage, Ticheli's expertise lies in repurposing these cultural treasures to meet the pressing need for accessible housing options in urban areas.
Ticheli strategically employs Federal Historic Tax Credits (FHTC) and State Historic Tax Credits (SHTC) to finance his projects, allowing him to navigate the intricate financial landscape of real estate development while prioritizing affordability without compromising quality. This financing mechanism enables Ticheli to foster partnerships with a diverse array of third-party vendors, particularly minority and women-owned businesses, ensuring that each endeavor benefits from a breadth of expertise and perspectives.
From the meticulous restoration of the historic Red Cross Building to the revitalization of the cherished American Life Building, Ticheli's portfolio exemplifies his commitment to preserving architectural legacy while promoting inclusive community development. By transforming these landmarks into vibrant living spaces accessible to individuals and families of varying income levels, Ticheli's work underscores the potential of real estate as a catalyst for positive social impact.
Introducing Phil Caccese, a seasoned construction veteran with over four decades of experience, including a distinguished 32-year military career, where he rose to the rank of Colonel. Phil's leadership was showcased as he commanded various Engineer units, including a Joint Task Force in Panama.
Transitioning to civilian life, Phil thrived as a Construction Manager at RD Management, LLC in NYC. It was here that he crossed paths with Ed Ticheli in 2001, sparking a fruitful collaboration that has endured through the years.
Their partnership flourished with projects like the Gallery Lofts in 2005, where they converted warehouses into 57 condo units. In 2017, they reunited for the restoration of the Lofts at American Life, breathing new life into a historic building.
In 2020, their collaboration culminated in the successful rehabilitation of the American Red Cross Building in Birmingham, Al., and the completion of the Market Lofts on 3rd, a 140,000 square foot complex featuring 192 units of luxury living.
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